Once October hits and stuff like ww84 or tenet actually comes out, I'll probably feel good enough if it's not still spreading like wildfire. But I'll be sitting alone and wearing a mask.
I am betting they don't come out in October, personally.
So, the average price of a movie ticket is $9. If a movie allows for 25 people per screening, that is $225. If 60% of that goes to the studio, that is $135 to the studio per screening. Tenet has a production budget of $200 million dollars, meaning it'd require just under 1.5 million screenings to recoup the production budget. This would require each and every theater in America to sell out about 251 screenings of the film. With three screenings a day, that would take just under three months of sold out screenings on every screen in every theater in the country. This doesn't even take into consideration the marketing budget.Some theaters opened here today (Vancouver B.C.) and just for fun I perused the website to see how they were doing.
Here's what they are doing:
Mask aren't mandatory
All tickets in any format are just $5
Only 25 seats are for sale for any show, no matter how large the capacity is.
All seats are reserved seating.
All tickets bought online or at a ticket machine, so no cash.
The theater I usually go to has 9 screens, but only 6 are being used and only 3 showtimes per day for each movie.
Here are the 6 movies playing:
Bloodshot (all 3 showings SOLD OUT) - Seriously?
The Invisible Man (no sell outs)
Harley Quinn (no sell outs)
Knives Out (no sell outs)
The Hunt (no sell outs)
Kill Bill Vol. 1 (1 SELL OUT)
While I really miss seeing movies in the theater nothing about this looks enticing.
If I were to go just to check things out in person it would be Kill Bill, but it's unlikely I'll be going any time soon.
So, the average price of a movie ticket is $9. If a movie allows for 25 people per screening, that is $225. If 60% of that goes to the studio, that is $135 to the studio per screening. Tenet has a production budget of $200 million dollars, meaning it'd require just under 1.5 million screenings to recoup the production budget. This would require each and every theater in America to sell out about 251 screenings of the film. With three screenings a day, that would take just under three months of sold out screenings on every screen in every theater in the country. This doesn't even take into consideration the marketing budget.
We're not seeing big movies anytime soon.
I guess we better start making our own movies like the ****ing Muppet babies
Haven’t been to a movie theater since February and don’t plan to go back until 2021 and a vaccine is found. Better safe than sorry!
Should we a create a list of where things are open?
Not yet! My usual theater isn't open just yet, but another one in the area has and I'm planning on going to see Jurassic Park next week.
So, the average price of a movie ticket is $9. If a movie allows for 25 people per screening, that is $225. If 60% of that goes to the studio, that is $135 to the studio per screening. Tenet has a production budget of $200 million dollars, meaning it'd require just under 1.5 million screenings to recoup the production budget. This would require each and every theater in America to sell out about 251 screenings of the film. With three screenings a day, that would take just under three months of sold out screenings on every screen in every theater in the country. This doesn't even take into consideration the marketing budget.
We're not seeing big movies anytime soon.
So, the average price of a movie ticket is $9. If a movie allows for 25 people per screening, that is $225. If 60% of that goes to the studio, that is $135 to the studio per screening. Tenet has a production budget of $200 million dollars, meaning it'd require just under 1.5 million screenings to recoup the production budget. This would require each and every theater in America to sell out about 251 screenings of the film. With three screenings a day, that would take just under three months of sold out screenings on every screen in every theater in the country. This doesn't even take into consideration the marketing budget.
We're not seeing big movies anytime soon.
I understand all of those things. And there is no formula that will be able to properly reflect all the nuances of the situation. But I think it is a suitable generalized example of the near impossible effort it would take for a blockbuster budgeted film like Tenet to make a profit in today's reality. Keep in mind, my example gave benefit to the idea that every single theater in the country would be open, which they won't be. And that every single one of those theaters would be showing the film, which they won't be. And every single screen at every single theater would be showing the film for every showing, which they won't be.In fairness, you're using a single theater in Canada that is showing no new film releases as your metric for this.
This is not necessarily how things will be in the USA, and it will likely vary from state to state. But if a new release like Tenet comes out and plays to theaters which allow 25%-50% capacity for each individual screening, charging more common "new release" ticket prices like $12-$20 (including IMAX), and if there are more than just 3 screening per day at each theater, there are way to make some money. Plus, WB has already said that Tenet will stay in theaters for an unusually long time compared to the standard release window - which could mean almost a full year in theaters. And things will continue to open up more and return to full capacity as time goes on.
For many of these big new movies - at least at first - this will be a case of "slow and steady wins the race". It will be about the marathon, not the sprint. Unlike with traditional film release windows, the opening weekend grosses will not be the "be all, end all" for these films to do business.
I am betting they don't come out in October, personally.
Believe me, I miss the theater experience too but this is gonna be the new normal for a while.